Movado Group Inc (MOV) Files Form 4 Insider Buying : Efraim Grinberg Buys 5,000 Shares

Movado Group Inc (MOV): Efraim Grinberg , CEO of Movado Group Inc purchased 5,000 shares on Jun 10, 2016. The Insider buying transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $19.62 per share for a total value of $98,100.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 18, 2016, Alexander Grinberg (director 10% owner) sold 806 shares at $27.81 per share price.On Apr 7, 2016, Alan H Howard (director) sold 1,500 shares at $28.00 per share price.Also, On Apr 5, 2016, Margaret Hayes Adame (director) sold 1,500 shares at $27.29 per share price.On Jan 7, 2016, Francis Anthony Morelli (Sr. VP Global Bus. Proc. & CIO) sold 10,000 shares at $24.31 per share price.

Shares of Movado Group Inc (MOV) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.58 points or -2.89% at $19.49 with 3,47,984 shares getting traded. Post opening the session at $19.95, the shares hit an intraday low of $19.44 and an intraday high of $19.95 and the price vacillated in this range throughout the day. The company has a market cap of $448 M and the number of outstanding shares has been calculated to be 2,30,09,832 shares. The 52-week high of Movado Group Inc is $30.98 and the 52-week low is $19.44.

Movado Group Inc Money Flow Index Chart

Movado Group Inc. (Movado Group) is engaged in designing sourcing marketing and distributing watches. The Company operates through two business segments: Wholesale and Retail. The Company’s Wholesale segment includes the design development sourcing marketing and distribution of watches and after-sales service activities and shipping. The Company’s Retail segment includes the Company’s outlet stores. The Company has operations in United States Europe the Americas (excluding the United States) Asia and the Middle East. The Company’s portfolio of brands includes Coach Watches Concord Ebel ESQ Movado Scuderia Ferrari Watches HUGO BOSS Watches Juicy Couture Watches Lacoste Watches Movado and Tommy Hilfiger Watches.

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